Table Games New Craps Feature Bet at NYNY

So I threw down $400 to buy in and noticed new felt on the table. I also noticed the ALL bets were missing and replaced by a new gimmick bet called Repeater Bets. Before the come out you bet on Numbers being rolled multiple times before a 7. The different Numbers require a different amount of hits before they pay. There is also some exclusion from betting if a horn bet is thrown. I didn't really like the concept so didn't listen too closely so please don't moan about me not knowing the exclusion. Here are a few pics.

That's where they put your bet


That's where they keep track


Pay Table

They had one table out of five with the new felt. I wonder if this spells the end of the ALL bet? This bet seems cost intensive to me. The payouts seem enticing, but I just don't see many payouts. Any nerds want to figure out the HA on this crap? Surely it's larger than the ALL bet.

 

The house edge on those, predictably, looks like it is huge.

 

I ALWAYS take down my place bet when it hits one time, and the casino doesn't like it.
You have to look at it like this, every roll that isn't a 7 is a "gift", get in and get out. This bet has a HUGE house edge. I can't remember the last time a 6 or 8 have hit 6 times in a session, or a 3 has hit 3 times.

 

Looks like Wizard of Odds has the HE at between 18-20 pct. I think that's about what the Fire Bet's edge is, but I think the All/Small/Tall bet has a 7-8 pct HE.

 

I know that a lot of people play for entertainment and off of feel, but I wanted to point out that most of this is illogical.

Now, does the bet have a big house edge? Yes. That can be calculated.

But as for making a place bet and then taking it down when it hits, that is illogical. Play how you want, but the bet is no worse after it has hit once than before. You had a 5/11 shot at hitting a place 8 the first time, and after you get it, you have a 5/11 shot at hitting the next one.

Thats what I was seeing. Take chances of getting that number before seven to the power of the number of times you must hit it, then multiply by the payout.

 

It's not a logical at all, I disagree . maybe it's illogical to place an 8 in the first place, but taking it down and makes, perfect mathematical sense

 

Only if you apply the same logic to EVERY bet in the casino. Play a hand of BJ, win? Take the money and run! Hit black on roulette? Take it and run!

There's no bet in the casino that doesn't have a HA, so your logic is flawed. Your choices are to either A) not play at all, B) play everything you're willing to risk on one hand/outcome and either win and quit or lose and be done or C) just play however you want for as long as you want and bankroll allows. Putting a place bet up and then taking it down when it hits once and repeating the process over and over does nothing other than allow you to stay at the table (notice I did not say "play") longer.

 

There are two things going on here.

What I believe Nevyn is pointing out is that the odds don't change because an event has occurred in the past. The shooter could roll 6 twelve times in a row; at the moment after the 12th roll the odds of the 13th roll being another 6 is just the same as it was of rolling the first 6. The dice have no memory, yada yada yada.

I suspect what EastCoastVegasFan! is getting at is that the less you expose your money to the house edge, the better off you will be. Let's say you roll the dice and win $50. If you walk away from the table, you are up $50, no more, no less. If you keep playing you are exposing your bankroll to the house edge. You might end up with more than $50, you might wind up with less. If this same scenario came up a huge number of times though, you'd win more money walking away ($50) than you would continuing to play and letting the house edge grind you away. What EastCoastVegasFan! is doing is running fewer trials, thus giving the house edge less chance to work.

 

Exactly!

 

I'm in Vegas to have fun, so I like to make it last at the craps table, and mix it up with others at the table. I'm not naïve enough to think you can actually win $ in a casino in the long run.

 

They really love to test the new games at NYNY. I suppose this could be interesting if your shooter is super hot.

 

I saw a few casinos with the Repeater bet earlier this month. Players seemed to bet it quite often. I never do, Fire bet either. I guess when it does hit it's nice but as has been said the house edge is large. I have seen the all/tall/small bets hit quite a bit (the tall and small anyway). But that's to be expected as the edge is smaller than the others.

 

You and EastCoast are correct, by limiting your play you will have less opportunity to lose but why even play at all? if you don't play you won't lose any money. or if you have a win then stop playing, that way you can be up when you leave.

It's called gambling for a reason, sometimes you win, more times you probably lose.

But everyone has their own "system" of playing so whatever works for you. It's your money and you can play however way you want.

 

Yep, and I think I won $1800 last year doing it, while having a blast doing it!

 

I hit the 6 and 8 on that but sadly only had 2$ on them.
They protect themselves from hot shooters by only allowing a single bet on a shooter, after you hit it or 7 on the come out you can't bet them again. I wonder if they'll change that in the future.

 

Yeah, limiting your exposure is logical. Then again, you limit it even more by never making the place bet at all.

I only bothered replying because the original comment I replied to could be read as suggesting that there is a trend in the results, and once a number is hit, it is less likely you'll get it again. As long as we are clear that this is a fallacy, everyone should play how they want.

 

Hey Bo, when you say single bet does that mean bet at one time or one number? Can you bet 4,5,6,8,9,10,11?

 

You can bet all or any of the numbers, but only 1 time. And it has to be before the shooter starts (I've seen them get that wrong already). I wouldn't be surprised if some of these rules change soon, esp if it becomes popular.

 

I'd imagine this is just about having a consistent order of operations at the craps table than any protection from 'hot' shooters. Do casinos let you place All/Small/Tall bets in the middle of someone's roll after a come-out seven wipes the feature bets?

 

You can play the small/all/tall at any time if there are no other bets up there. Once one player puts a bet up for it the bet is closed until the next seven.

When I play it, I like to wait until after the come out roll if there are no other players on it.